Earnings

Faurecia increases 2014 earnings target after H1 profit jumps 21%

July 29, 2014 11:39 CET
Faurecia raised its 2014 earnings forecast after first-half profit jumped 21 percent at the French supplier on strong demand in Asia and higher market share in its home region....
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Renault first-half profit surges 25% on cost cuts

July 29, 2014 08:28 CET
Renault reported a 25 percent jump in first-half operating profit thanks to cost-cutting even as currency headwinds and mounting inventories hurt sales and cash flow....
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Honda profit rises 7 percent on cost cuts, Japan sales

3:30 am U.S. ET | July 29, 2014
Honda's quarterly operating profit rose 7 percent to $1.94 billion as lower sales in the United States were offset by costs cuts and the company's stronger focus on Asian markets....
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Tenneco's Q2 profit rises 29% on record revenue

5:19 pm U.S. ET | July 28, 2014
Tenneco, a ride-control and emission-control systems supplier, today reported that its net income rose 29 percent in the second quarter from a year ago to $81 million on record revenue of $2.2 billion....
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Nissan profit rises 37% on U.S., China demand

5:05 am U.S. ET | July 28, 2014
Nissan said net income rose 37 percent to $1.1 billion in the April-June quarter as deliveries rose in the United States and China, its two biggest markets....
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GM, Ford financials could veer in 2nd half

12:01 am U.S. ET | July 28, 2014
While General Motors' second-quarter profits were hammered by the costs of its massive recall, across town Ford Motor Co. reported a robust profit bolstered by a record second quarter in North America. But fortunes could change for the two Detroit carmakers as they head into the second half of 2014....
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Lear profits rise on higher vehicle output, record seating volume, electrical gains

8:03 am U.S. ET | July 25, 2014
Lear's second-quarter profits rose to $148.5 million on higher light-vehicle output, record seating sales, and solid gains and expanded profit margins in its electrical distribution business....
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Valeo raises 2014 profit forecast

July 25, 2014 06:01 CET
French car parts supplier Valeo has raised its full-year earnings forecast following a 21 percent rise in first-half profit, due mainly to overseas expansion and increased demand for fuel-saving technologies....
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Gentex Q2 net income grows 47 percent

3:19 pm U.S. ET | July 24, 2014
Automotive mirror supplier Gentex reported $76.7 million in net income with total revenue of $338.4 million for the second quarter....
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Ford Q2 earnings rise on N.A. record, first European profit in 3 years

6:45 am U.S. ET | July 24, 2014
Ford posted a second-quarter pretax profit of $2.6 billion, bolstered by a record performance in North America and its first quarterly profit in Europe in three years....
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GM's quarterly profit plunges on recall costs

7:36 am U.S. ET | July 24, 2014
The heavy cost of General Motors' unprecedented slew of safety recalls during the second quarter wiped out most of its profits, erasing the fruits of strong truck pricing in North America and sales growth in China....
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Group 1 Q2 profit tumbles 55% on Brazilian problems

9:47 am U.S. ET | July 24, 2014
Group 1 Automotive today said its second-quarter net income tumbled 55 percent from a year earlier to $16.9 million, dragged down by a struggling economy in Brazil which accounts for 8 percent of its revenue....
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GM is 'paying for past sins,' analyst says

12:33 pm U.S. ET | July 24, 2014
A sampling of what analysts and others are saying about GM's second-quarter financial results released today:...
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Don't get out the party hats at Ford just yet, analyst says

2:18 pm U.S. ET | July 24, 2014
A roundup of what analysts and others are saying about Ford Motor Co.'s second-quarter financial results released today:...
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Hyundai's Q2 profit falls 7% on currency strength, weak global demand

July 24, 2014 11:34 CET
Hyundai's second-quarter profit fell 7 percent as a strong won, weakening global sales and incentives in the U.S. took their toll on earnings. To combat a strong currency, the automaker will now consider adding production overseas....
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Ford posts European profit in second quarter

July 24, 2014 12:40 CET
Ford posted a second-quarter pre-tax profit of $2.6 billion, boosted by its first quarterly profit in Europe in three years and record quarterly earnings in North America....
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Hyundai Q2 profit dips 7% on strengthening currency

6:33 am U.S. ET | July 24, 2014
Hyundai's net profit fell the most in five quarters, hit by the local currency's strength, and said it may make more vehicles overseas as it braces for a tough second half with the won still strong....
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GM sales surge despite recalls as Barra proves quality sells

9:10 am U.S. ET | July 23, 2014
General Motors' Mary Barra is projected to report her second straight quarter of rising sales, adding to evidence that the CEO is weathering the biggest wave of recalls in automotive history. Second-quarter revenue may rise 2.7 percent, the average of estimates compiled by Bloomberg....
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Lithia Q2 profits hit record highs

8:39 am U.S. ET | July 23, 2014
Lithia Motors today reported the highest adjusted quarterly net income in the company's history -- a 29 percent surge to $35 million -- on higher revenues and cost controls....
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Federal-Mogul posts $5 million net loss in Q2 as revenue rises

3:34 pm U.S. ET | July 23, 2014
Auto supplier Federal-Mogul today reported a $5 million net loss after factoring in one-time charges, along with a $128 million revenue gain for the second quarter. The company, controlled by longtime Wall Street investor Carl Icahn, had one-time restructuring and impairment charges of $32 million and posted a $3 million loss from continuing operations....
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Daimler quarterly earnings rise 12% on sales of S class

July 23, 2014 08:25 CET
Daimler said second-quarter profit rose 12 percent as Mercedes S-class sales doubled and the company scaled back spending....
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Sogefi reports first-half loss on restructuring costs, Brazil downturn

July 22, 2014 15:29 CET
Italian supplier Sogefi reported a first-half net loss, hit by restructuring costs, the negative impact of the strong euro on South American currencies and a sharp slowdown in the Brazilian market....
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Sonic's Q2 profits triple on extraordinary items; expenses rise

12:18 pm U.S. ET | July 22, 2014
Sonic Automotive posted higher revenue and net profit during the second quarter, but expenses increased as the retailer continues to ready its launches of a new customer-experience initiative and standalone used-car stores....
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Asbury posts Q2 double-digit profit, revenue gains

7:07 am U.S. ET | July 22, 2014
Improving car sales and a double-digit revenue jump helped drive second-quarter profits up 33 percent at Asbury Automotive Group, as all parts of its business showed gains, the auto retailer said today....
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Takata to book $440 million special loss for wave of recalls

7:25 am U.S. ET | July 18, 2014
Takata will book a special loss of around $440 million in the April-June quarter after several automakers recalled vehicles due to potential problems with the supplier's airbags. The cost of the recalls could increase if a safety probe in the United States finds evidence that driving in high humidity increases the risk of the airbags exploding, or if automakers decide to expand the recalls beyond certain U.S. regions....
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